BI Board of Governor Meeting

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Lower trend of Covid-19 daily cases has brought some positive signals to the macroeconomic and financial indicators. This was marked by the mild improvement in Manufacturing Purchasing Managers’ Index (PMI). On the external side, support from IMF also eases the instability in the near future. However, since partial lockdown (PPKM) is still in place, the...
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Indonesia’s GDP rose by 7.07% (y.o.y) in the second quarter and after exactly one year, we are now officially out of economic recession that started in Q2-2020.  Despite the better-than-expected growth of the economy, the pace of recovery will be limited due to the emergence of Delta variant that has a high transmission rate and...
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The rising number of confirmed Covid-19 cases is expected to put the brakes on economic recovery. All economic indicators, such as inflation, CCI, PMI, trade surplus, started to demonstrate a grim outlook. We expect these indicators to continue to plunge in July especially after the government decided to implement partial lockdown in Java and Bali....
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The improvement of the latest economic indicators, including headline and core inflation, CCI, PMI, and trade surpluses, shows that Indonesia is staying on track for economic recovery. However, the economic recovery agenda faces a significant threat recently due to the rising of Covid-19 cases where almost 10 thousand new daily cases taped in mid-June. Any...
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Various latest development are in the favor of economic recovery narratives. The rollout of vaccines, massive government stimulus, and gradual opening of economic activity contributes to the observed jumpstart of domestic economy. Regardless, the health risk of Covid-19 is still lingering. Reflected by the inflation figure, the relaxation of social restriction measures and Ramadan season...
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Continuation of domestic recovery trend is gaining traction. These achievements are driven by accelerating vaccination program and government stimulus, such as tax discount on luxury goods. Despite these figures, unlike the usual, inflation remains muted during the start of Ramadhan. On the external side, uncertainty mostly comes from the US developments. Massive progress on vaccination,...
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The performance of Indonesia’s macoeconomic indicators is currently showing an improvement, as recorded by higher CCI, trade balance, and decrease in daily Covid-19 cases. The improvement is fueled by better expectations of economic activity after the first rollout of Covid-19 vaccines. However, the positive sentiment from domestic side is vanished since the late of February...
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